Montana Medicare Supplement Insurance Review:
State Farm Mutual Automobile Insurance Company
We analyzed State Farm's Medicare Supplement Insurance in Montana for this brief review. We compared it to all other insurance carriers in the state and gave their offering 4.0 out of 5 stars. Here's what we like and dislike about State Farm:
- Superior financial strength.
- Over 25 years in the Medicare Supplements business.
- No charge for writing the policy.
- Plan F premium more than top 10 best.
- Does not offer Medicare SELECT plans.
- Does not sell the 5 most popular plans.
REVIEW SUMMARY: A Medicare Supplement Insurance carrier since 1981, State Farm Mutual Automobile Insurance Company has a "A++ Rating" from A.M. Best. State Farm is a good carrier, but there are others with lower monthly premiums in Montana.
State Farm vs. Competition
The following table shows how State Farm compares with other carriers we reviewed in Montana.
Contact State Farm Medicare Supplement Sales
For assistance anytime, call 800-MEDICARE (800-633-4227). TTY users can call 877-486-2048 or browse to www.medicare.gov.
State Farm Medicare Supplement Plans in Montana
State Farm offers 3 Medicare Supplements in Montana. Use these links to learn how each plan covers you:
Plan A is the most basic of all Medigap plans and offers the least benefits. However, it does cover some of the more risky gaps in Original Medicare. It covers:
- Medicare Part A coinsurance payments up to an additional 365 days after Original Medicare benefits are exhausted
- Medicare Part B co-payment or coinsurance expenses, including preventative care coinsurance expenses
- The first three pints of blood used in a medical procedure
- Part A hospice care coinsurance expense or co-payment
Monthly Premium as Tested: $86.44
IMPORTANT: Beneficiaries of this plan are responsible for covering their Part A deductible in full, which includes hospitalization costs, Skilled Nursing Facility (SNF) care, hospice care, and some home health care services. This plan might be suitable if you have no desire to pay costly premiums for benefits you are not likely to use.
CRITICAL: Most Medigap plans pay some or all of the Part A deductible. In general, Plan A is the least expensive, but other plans offer more coverage. It's important to realize that this plan has the potential for high out-of-pocket costs should you require inpatient hospital care. Make this a serious consideration before choosing this plan.
Plan C is one of the most complete of the ten standardized plans. Only Plan F offers more coverage. Like Plan F, this plan fills the gaps on most of Medicare's approved expenses.
There are just two things that Plan C does not cover. First, it does not pay your Medicare Part B excess charges. These are the charges over and beyond what Medicare will pay for a service. You pay these charges directly. Second, it does not cover home recovery. These are the costs associated with recovering at home after being hospitalized.
Plan C covers the following:
- Medicare Part A hospital coinsurance and hospital costs up to 365 days after Original Medicare benefits are exhausted
- Part A hospice care coinsurance payment or co-payment
- Medicare Part B co-payment or coinsurance payment
- Part B preventive care coinsurance payment
- First three pints of blood for a medical procedure
- Skilled Nursing Facility (SNF) care coinsurance
- Medicare Part A deductible costs
- Medicare Part B deductible costs
- Foreign travel emergency coverage (up to plan limits)
In short, Plan C offers comprehensive coverage. For many, it is a more economical option to Plan F. We recommend that you shop around to find the policy that best fits your budget and compare rates and coverages carefully.
Monthly Premium as Tested: $135.32
IMPORTANT: Even though Plan C's coverage is extensive, don't underestimate what's not covered. If you visit the doctor frequently, Plan F or Plan G could be a better choice.
Out of the 10 standardized plans available in Montana that State Farm offers, State Farm Medicare Supplement Plan F is the most comprehensive. The expansive coverage makes it very popular, but it's also the most expensive.
With Plan F, State Farm covers:
- Part A deductible.
- Part A hospice care co-payment or coinsurance.
- Skilled Nursing Facility (SNF) coinsurance.
- Part A hospital and coinsurance costs up to an additional 356 days after Medicare benefits are exhausted.
- Part B deductible.
- Part B excess charges.
- Preventative care Part B coinsurance.
- Part B co-insurance or co-payment.
- First three pints of blood used in an approved medical procedure (annually).
- Foreign travel emergency.
As you can see, Plan F leaves you with zero out-of-pocket costs. That's because it pays all remaining doctor, specialist, lab, hospital, skilled nursing and home care costs after Medicare pays its share.
Monthly Premium as Tested: $136.68
State Farm Mutual Automobile Insurance Company offers its supplemental insurance policies in Billings, Missoula, Great Falls, Bozeman, Butte, Helena, and most other Montana towns, cities, and rural areas.
The Med Supp data on MedicareNavigators.com comes from Medicare.gov and private sources and is subject to update without notice. The Centers for Medicare and Medicaid Services, the Montana State Insurance Commission, and State Farm have not reviewed nor do they endorse our content.
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The State Farm emblem and name are legal U.S. trademarks of State Farm Mutual Automobile Insurance Company. We make no claim to the marks, nor do we represent State Farm or its products and services. We use the company's name and emblem on this page for editorial purposes, as permitted by U.S. Trademark Fair Use Law and the laws of the Great State of Montana.
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